Taxes and charges on new housing

Mayela Garcia

Residential Development Council

Published 2018-06-07

The objectives of this research were to:

produce a snapshot of the current scope, reach and quantum of property taxes and charges borne by new housing

assess the relative weight of property taxes and charges in new housing development relative to a series of benchmarks (including the final acquisition cost of the dwelling, the original land cost and available homebuyer concessions)

identify existing regimes for funding infrastructure and the issues related to the current charging regime to fund urban infrastructure

produce a series of core principles to guide the design of infrastructure charges / developer contributions to fund urban infrastructure based on best practice.